BYD achieved record-breaking sales of 4.25 million
passenger cars in 2024, including 1.76 million fully
electric vehicles, narrowing the gap in the global EV
market with Tesla's 1.8 million. Despite trailing
Tesla in annual EV sales, BYD’s rise, driven by
strong domestic sales and government incentives,
contrasts with the struggles of legacy automakers like Nissan and Volkswagen in China.